Daily Technical Analysis and Forex tips 18 July 2016

Daily Technical Analysis and Forex tips 18 July 2016
Daily Technical Analysis and Forex tips 18 July 2016
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Technical Analysis and Forex tips 18 July 2016 that covers latest market news and daily shares trading signals from experts of the field. Take after the day by day specialized investigations to get an edge in trading in forex.

EUR/USD Intraday: the downside prevails

Our preference for short positions below 1.1100 with targets at 1.1025 & 1.1000 in extension. Alternative scenario is above 1.1100 look for further upside with 1.1120 & 1.1150 as targets.

GBP/USD Intraday: key resistance at 1.3300

Our preference is short positions below 1.3300 with targets at 1.3130 & 1.3100 in extension. Alternative scenario is above 1.3300 look for further upside with 1.3345 & 1.3400 as targets.

USD/CHF Intraday: the bias remains bullish

Our preference long positions above 0.9780 with targets at 0.9855 & 0.9875 in extension. Alternative scenario is below 0.9780 look for further downside with 0.9760 & 0.9735 as targets.

USD/JPY Intraday: the upside prevails

Our preference is long positions above 105.10 with targets at 106.30 & 107.00 in extension. Alternative scenario is below 105.10 look for further downside with 104.60 & 103.90 as targets.

USD/CAD Intraday: the upside prevails

Our preference long positions above 1.2900 with targets at 1.2990 & 1.3020 in extension. Alternative scenario is below 1.2900 look for further downside with 1.2855 & 1.2810 as targets.

AUD/USD Intraday: break of a ST rising trendline support

Our preference short positions below 0.7605 with targets at 0.7555 & 0.7525 in extension. Alternative scenario is above 0.7605 look for further upside with 0.7640 & 0.7675 as targets.

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